Commercial Real Estate Market in Hallowell, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
10 active listings and 18 off-market properties in Hallowell, ME.
Market Trends
Hallowell, ME spans 5.9 square miles in Kennebec County, Maine. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Hallowell, ME has a median asking sale price of $197/SF (based on 3 listings). Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail vacancy in Hallowell, ME runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Hallowell, ME runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Multifamily
Multifamily space in Hallowell, ME has a median asking sale price of $183/SF (based on 4 listings). Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Market overview
Demographics & Economy
Hallowell, ME has 2,570 residents in 1,436 households. Density runs 438 people per square mile. Median household income here is $58,811 and median gross rent $830 a month.
Tools
Nearby Markets
Commercial property in Hallowell, ME asks $195/SF. The 2 bordering markets run from $111/SF in Winthrop to $130/SF in Augusta, and the city sits above their $121/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Hallowell?
How does Hallowell compare to nearby markets on price?
Where does Realmo's Hallowell market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 1 active for-lease listings in Hallowell, ME. The sale median is based on 8 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
